Nigeria’s upstream regulator forecasts $30 billion to $50 billion in offshore oil and gas investments over the next five years.
Nigeria aims to secure between $30 billion and $50 billion in investments for 22 offshore oil and gas projects by 2029. The projects are expected to boost production, create jobs, and enhance energy infrastructure, according to the country’s Upstream Petroleum Regulatory Commission.
The initiative follows recent regulatory efforts to attract capital and strengthen Nigeria’s position as a key upstream investment destination. The regulator highlighted energy security and economic growth as primary drivers for the push.
No immediate market reaction was reported, but the announcement signals long-term confidence in Nigeria’s oil and gas sector.